Coca-Cola HBC Finance BV is raising at least €1.5 billion ($1.7 billion) in Euro bonds to fund its acquisition of another drinks bottling firm's Africa business. The move signals the company's aggressive expansion strategy in emerging markets, where Coca-Cola sees significant growth potential.

The debt issuance comes as Coca-Cola HBC seeks to strengthen its position in Africa's rapidly growing beverage market. The acquisition target, though unnamed in the brief announcement, represents a strategic move to consolidate bottling operations across the continent.

This financing approach allows Coca-Cola HBC to leverage its strong credit profile while maintaining flexibility for future growth initiatives. The bond market's appetite for Coca-Cola-related debt remains robust, reflecting investor confidence in the beverage giant's long-term prospects.